Corner Lot Redevelopment
For Sale
Contact for pricing
964 Dodson Ave, Chattanooga, TN 37406
Redevelopment opportunity on a corner lot in downtown Chattanooga.
Property Size2,672 SF
Price / SF$177.77
Days on Market1123
Property Features for 964 Dodson Ave
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Mixed Use, Office, Retail
Zoning
R-2
Investment Type
Redevelopment
Building Details
Year Built
1960
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Realty
Listed By:
Jeffrey Dodson · License #336360
(423) 664-1600
Source:
Crexi
Added: Sep 21, 2023
Changed: Oct 1
Last Checked: Oct 16 at 7:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This versatile 2,672 square foot building is situated on a corner lot on Dodson Avenue in downtown Chattanooga. The property is located on a heavily traveled road. The building has been brought down to the studs and is prime for redevelopment. Ingress and egress are available at both Dodson and Windsor. The 2023 traffic count was 6,642.
Key Highlights
- Prime redevelopment opportunity in downtown Chattanooga
- High‑traffic corner lot location on Dodson Ave, with 6,642 vehicles daily
- Building stripped to the studs, ready for customization
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,661
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,220
$613.2K
Cap Rate 7%
$438,014
$438.0K
Cap Rate 9%
$340,678
$340.7K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$48.1K $18.00/SF
− Vacancy
−$7.2K −$2.70/SF
EGI
$40.9K $15.30/SF
− OpEx
−$10.2K −$3.82/SF
NOI
$30.7K $11.48/SF
Area
Chattanooga, TN
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,220
Cap Rate 7%
$438,014
Cap Rate 9%
$340,678
Alternative Uses
Best Use
Office B
$438.0K
$383.3K – $511.0K
NOI $30,661 @ 7.0% cap · market cap 6.45%
Second Best
Mixed Use
$421.4K
$368.7K – $491.7K
NOI $29,499 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$590.1K
$516.4K – $688.5K
NOI $41,309 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Redevelopment opportunity on a corner lot in downtown Chattanooga.
Where is this mixed-use property located?
The property is located at 964 Dodson Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in downtown Chattanooga; High‑traffic corner lot location on Dodson Ave, with 6,642 vehicles daily; Building stripped to the studs, ready for customization
